M&T Bank Small Business Banking

Learn more about M&T Bank business banking with features & benefits, rates & fees, and frequently asked questions.

Updated on December 2nd, 2019

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M&T Bank is an American bank that provides a variety of financial solutions, including business bank accounts for businesses of all sizes. Business owners can set up business checking and savings accounts at M&T to securely manage their money.

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Rates & Fees:

M&T Simple Checking for Business

$10.00 /mo.

M&T Tailored Business Checking

$20.00 /mo.

M&T BizFlex Checking

$50.00 /mo.

Commerical Checking

$26.00 /mo.

Non-Profit Checking

$7.50 /mo.

M&T Medical Services Checking

$25.00 /mo.

M&T Professional Services Checking

$10.00 /mo.

M&T Business Interest Checking

$15.00 /mo.

Commercial Money Market Savings Account

$0.00 or $10.00 /mo. (depending on balance)

Commercial Savings Account

$0.00 or $5.00 /mo. (depending on balance)

M&T Market Advantage for Business Savings

$0.00 or $12.50 /mo. (depending on balance)

M T Bank Small Business Banking

Pros: Over 2,000 ATMs nationwide. Checking fees can easily be waived.

Cons: Steep overdraft fees.

Bottomline: Fees are higher than some big banks, but M&T has a strong national network if you need a bank with easy accessibility.

Key Information:




Buffalo, NY

Number of Employees



René F. Jones


1 M&T Plaza, Buffalo, NY 14203

Phone Number

1 (8000 724-2440



Features & Benefits:

Customized banking options.

If you need a unique banking solution that meets the demands of your business, an M&T banking expert can help you by creating a financial set up that works for you.

Merchant services.

M&T has a host of convenient merchant services that can be integrated with your M&T business banking products to allow for seamless financial activity.

Online and mobile banking.

M&T allows you to have complete access to your bank accounts through their online and mobile banking platforms. With online and mobile banking, you can access your account information and make changes whenever and wherever you like.

Low monthly checking fees.

M&T's monthly fees for checking accounts range in price from $10.00 to $50.00, but these fees can be waived if your business maintains a high enough monthly balance.


What does M&T Bank stand for?

The "M&T" in M&T Bank stands for "Manufacturers and Traders Trust Company."

Does M&T use Zelle?

Yes. M&T uses Zelle, which is a digital payments network that sends money directly between almost any U.S. bank accounts mostly within minutes. M&T was among the first 30 banks to launch Zelle in the U.S.

What do I need to open a bank account at M&T?

Go to mtb.com to learn how to open a M&T Bank small business bank account.

Is M&T Bank a national bank?

Yes. M&T Bank has more than 750 retail and commercial branches and more than 1,800 ATMs in eight states.

Where is M&T Bank?

M&T Bank has branches in Connecticut, Delaware, Maryland, New Jersey, New York, Pennsylvania, Virginia, West Virginia, and Washington D.C. They are headquartered in Buffalo, New York.

How many employees does M&T Bank have?

M&T Bank has more than 10,000 employees.

Where is M&T Bank's headquarters?

M&T Bank's headquarters are located at 1 M&T Plaza, Buffalo, NY 14203.

How can I contact M&TBank customer service?

You can contact M&T Bank customer service department by calling 1 (800) 724-2440.

Is there an M&T Bank Business account that is suitable for large cash balances?

You can open a Commercial Money Market Savings Account with M&T business banking if you want to earn interest on a large cash balance. This account has tiered interest rates.

Customer Reviews:

Aurora Weishaupt

Reviewed: Nov 06, 2018

Source: Facebook

My husband and I had our debit card information stolen on 2 separate occasions. M&T has great frauds protection because both times they quickly caught the activity and no money ever left our bank. They even went the extra mile and called us to notify us of the suspicious activity as soon as it happened. The customer service reps did an awesome job explaining everything to us and we got our new cards in a timely manner.

Alexandra Hopkins

Reviewed: Sep 01, 2018

Source: Facebook

I would give 0 stars if I could. I’ve had a checking account and a savings account for ten years here. I am on vacation out of state and my debit card was closed due to out of state / irregular activity per the customer service representative I spoke with on the phone. I inquired about getting a new debit card overnighted to me while on vacation (or even reactivating the card sitting in my wallet...) and I was told that M and T bank doesn’t overnight cards, and the soonest they would get me one would be 2 business days. Unacceptable when Fedex and UPS offer “next day air with Saturday delivery” options. I’ll be closing my account next week and taking all of my banking elsewhere.

Magen Blickensderfer Mullet

Reviewed: Nov 02, 2018

Source: Facebook

Stay far away from this bank as possible just tried to make a payment and they wouldn’t take it. I then got screamed at by the account manager that I am not their customer. Also got told they are not in customer service. Worse call experience I have ever had.

Pamela Jean

Reviewed: Oct 27, 2018

Source: Facebook

Horrible customer service! Employees need a refresher course in how to treat customers. Absolutely hate dealing with this bank.

Sacha Henriquez

Reviewed: Sep 07, 2018

Source: Facebook

By far the worst banking experience of my life. I was hit with an overdraft fee when I had funds available in my account and when I called to dispute it the representative was extremely rude and even hung up on me. I’m closing my account and will NEVER bank with them again.